Andela Co-founder, Iyinoluwa Aboyeji leaves to start payments company – Flutterwave

Iyinoluwa Aboyeji has left Andela to start a new Payments company called Flutterwave. According to the website, Flutterwave provides technology, infrastructure and services to enable global merchants, payment service providers and Pan African banks accept and process payments on any channel (Web, Mobile, ATM & POS)

In an email to his Andela team, “Despite all the entrepreneurial spirit and expertise in Lagos, businesses still have trouble conducting transactions that are an afterthought in most of the world.”  “It’s a problem that is prohibitive to the future growth of the continent, and one that I felt I could no longer ignore. So I decided to do something about it.”

QZ reports that Flutterwave has received undisclosed seed funding from Silicon Valley’s Y Combinator, South Africa’s CRE VC, and VCFintech, a Little Rock, Arkansas based accelerator which is backed by major fintech firm, FIS.

The company, already live in Nigeria and Ghana, has been in private beta for some weeks, with Aboyeji working on it in his spare time while at Andela. According to Aboyeji, business took off quicker than expected so he had to go full time. He says that Flutterwave has already transacted more than $20 million to date working with clients including Uber Nigeria, Access Bank, Paystack, and Page Microfinance.

Aboyeji, along with chief executive Jeremy Johnson, founded Andela, a training platform for coders as well as an outsourcing firm for the software developers they train.